Savings Bank Account
Minimum Balance Required to open account without cheque book facility SCR200
Minimum Balance Required to open account with cheques book facility SCR500
Minimum Balance Required to open account by expatriates With/without cheques book facility SCR500
Bank card FREE
Cheque returned for insufficient funds SCR500
Lost/ Replacement of Bank Card. SCR100
Balances below specified amount i.e
R200/-(without cheque book)& R500/-(with cheque book)
SCR50 p.m
Maintenance of Dormant a/c*
(*When account is not operated for -2- years)
No charge
Cash Transaction at the counter FREE
Unauthorized O/D (not allowed) 24%p.a on overdrawn account
Cheque Books 50 pages SCR175, 100 pages SCR250
Closing Charges NIL
Duplicate statement SCR10 per page

Current Account(Individual and Business)
Minimum Balance Required to open account SCR5000/-
Current a/c Closure charge No charge
Cheque books 50 pages SCR175, 100 pages SCR275
Cheque returned for insufficient funds SCR500
Temporary Overdraft 24% p.a on overdrawn account
Maintenance of Dormant a/c* (*When account is not operated for-1- year) Nil
Stop payment of cheque (per leaf) SCR100
Automated transfers FREE
Balances below R5000 SCR100 p.m
Maintenance fee(half yearly) SCR100
Ledger Fee (only for SCR accounts) SCR 2 Per entry
Cash Transaction at the counter FREE
Duplicate statement charge SCR20 per page

Foreign Currency Current Account
Minimum Balance Required to open Foreign currency account
a) For salary A/c Equivalent to USD 25
b) For others Equivalent to USD 100
Inward transfers received from banks No charge
Maintenance of Dormant a/c No charge
Foreign currency account maintenance Non-Individuals (Per month)
USD, EUR & GBP – USD 5, EUR 5 and GBP 5 respectively
Individuals (Per month)
USD, EUR & GBP – USD 1, EUR 1 and GBP 1 respectively
Transfer within branch -Same Customer
-Other Customer Through online Mode
No charge SCR 10 Free
Cash withdrawal No charge
Cash deposit No charge
Local cheque collection USD5
Cheque book 50pages(Current Account)) USD15

Fund Transfers

Local Payments

Fund transfer through SEFT (Manual / Over the counter)

SCR 20

Fund transfer through SWIFT (for any amount)

SCR 75

Banker's cheques

SCR 50

Foreign Payments

SWIFT/ TT ( in case currency/country differs)

0.25% of amount transferred

Min-SCR 150 - Max of SCR 750 plus

applicable correspondent Bank Charges

Transfer to India in INR through Rapid Funds to India ( against ) USD/EUR/GBP)

Upto SCR 50000

More than SCR 50000

SCR 60 (Only through branch) SCR 75 (Through Branch) SCR 60 (Online Mode)

SCR 90 (Only through Branch)

Free Remittance in case both the remitter and beneficiary have an account with Bank of Baroda

Inward Swift

Free* (*Correspondent charges may apply on actual basis)

Foreign Drafts


Cancellation / Revalidation of draft


Standing Orders

Current a/c & Savings a/c(Internal transfer)

No Charges

Current a/c & Savings a/c(External payment) EFT


Current a/c & Savings a/c(Exter. payment) SWIFT


New standing order set up for external remittance.(One time)


Unpaid due to insufficient funds

SCR 100

Documentary Credits (Inwards)
Opening/ Establishment of LC 2% min. R300 p.q.> 3 months at Pro Rata basis
Advising/ Notification No charge
Negotiation 1% subject to minUSD50
Confirmation No charge
Amendment 2% of increased amount, min. R250.
Transferring of LC No charge
Acceptance 1% min. R250
Under other credits No charge
Commission on Payment No charge
Commission on Issuance No charge
Verification of documentation, collection No charge
Telex/Fax/ Swift sent at client's request SCR125

Documentary Credits (Outwards)


No charge




No charge



Opening/ Transferring

2%p.q minSCR400

Drawing/verification of documentation



2% of increased amount, min. SCR250.

Shipping guarantee


Telex/ Fax/ Swift sent at client's request


Loan and Advances Fees

Business O/D & loans - fresh

1% min SCR300

Business O/D & loans – Renewal

1% min SCR300 max SCR50000

Commitment Charges on O/D

1% p.a. of Undrawn amount (Applicable if quarterly average utilisation of limit is less than 60% of sactioned Limit) Applicable Quarterly

Processing Charge for adhoc/Excess

2% of the amount sanctioned

Personal loan -On Sanction

1% MinSCR400 MaxSCR1000

Home loan: upto SCR 1.5 Mn

SCR 2500 For first home acquirer and 0.25% for others

Above SCR 1.5 Mn

0.50% of loan amount

Car loan - On sanction

1% MinSCR300



Loan against SCR denominated FDR

SCR 500 for loan upto SCR 1 Mn

SCR 1000 for loan above SCR1 Mn

Loan/OD against Foreign currency FDR (Fresh)

0.25% of Loan amount with Min SCR500

OD against Foreign currency FDR (Review)

1000 SCR

C/F Loan & Advance Fees, Processing Fee Amendment to loan contracts/agreement

For Loan upto SCR 1 Mn : SCR1500

For loan above SCR 1 Mn : SCR5000

Detail of loan repayment

No charge

Pre-mature closure

No charge

Part-repayment (require rescheduling)

No charge

Prepayment charge: Loan in SCR currency

Loan in Fgn currency


2% on prepayment amount

Overdue penal interest

2%p.a on overdue amount

Legal Fee(as charged by the lawyers)


Loan - cancellation of agreement (pre-disbursement)


Loan Eligibility Letter


No Dues / no commitment Letter

SCR 100

Guarantees, Bonds, indemnities etc.
Immigration Guarantee/bond/indemnities. 1% p.a Min R500p.a
Financial Guarantee 2%p.a
Performance Guarantee 0.5%p.a

Bill for Collection(Inward and Outward)
Inward (documentary) 1%minimum SCR350+SCR300 transmission cost
Inward (clean) USD 30
Holding bill beyond due date SCR250/-
Outward(sight/tenor) 0.25%,minUSD20
Tracer to charges SCR200
Courier Charges Actual

Bank audit report to company's auditors Balance confirmation only-SCR100, with other detailsR200
Status report for customers SCR100
Safe custody / Locker Small – SCR1200 p.a. Medium- SCR2000 p.a., Large – SCR3000 p.a.
Loss of wallet/ key SCR5000 plus actual labour charges
Attestation of documents SCR100 per document
Foreign currency Fixed Deposit Premature Closure No Interest Payable on premature closure of Foreign Currency Fixed Deposit. Penalty Fee: Penalty of 1% of Deposit Amout per annum calculated on the period between the pretermination date and maturity date.
Monthly Statement over Email Free
SMS Alerts Free

Internet Banking Facilities
Transaction based Free of cost

Debit card
First card issuance Free
Regeneration of PIN Free
Reissuance of lost card SCR150

p.m - Per Month
a/c - Account
max - Maximum
LC - Letter of Credit
p.a - Per Annum
Fgn - foreign

PLR---9.25% W.E.F. 01-10-2021



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